THIS FINANCIAL FUNDING AGREEMENT (the “Agreement”) is made and entered into by and between All In Enterprise LLC (hereinafter referred to as the “Company”) who is duly organized under law and having a place of business within the state of Tennessee, and the signer named below ( hereinafter referred to as the “Borrower”) with a physical address provided collectively referred to as the “Parties.” WHEREAS, Borrower wishes to engage the Company to provide services described herein, and said Company agrees to provide such services for a “Consulting Fee” based on commission;
WHEREAS, Borrower acknowledges that the Company will attempt to secure a loan, line of credit or credit card for the specific amount requested by the Borrower; however, the Borrower shall accept an alternative option of a series of loans, line of credit and credit cards totaling the requested amount; and NOW THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, accepted and agreed to, the Parties intending to be legally bound, agree to the Terms and Conditions set forth below:
TERMS OF SERVICE
Commencing as of the Effective Date, and continuing to remain in effect for 180 days. During such time, the Borrower agrees not to bypass Company by subsequently applying to recommended lending partner(s), and attempting to avoid paying the Company compensation. Borrowers agree to pay Company compensation for any new loan, line of credit and credit card modification to an existing loan proceeds made between Borrower and any recommended lending partner, regardless of prior relationships or accounts with the lender. This Agreement may be renewed or extended for any period as may be agreed by the Parties.
COMPENSATION FOR SERVICE
Borrower acknowledges the Consulting Fee for Company services is offered on a no contingency basis, with fee due if funding is approved by a participating lender, whether the client chooses to accept the loan or line of credit or not, or a whether the client decides to activate the credit card or not. The Borrower agrees to pay Company a consulting and loan placement fee of 10.99% for amounts under $100K & 15% for amounts over $100K of the total funded loan amount which includes each loan, line of credit, and/or credit card within 24 hours upon receipt of funding. In the event, the Borrower does not pay within 24 hours, the Borrower consents to the each loan, line of credit, and/or credit card may be closed and sent to collections. Borrower understands such activity will be reported to all credit bureaus and the entire balance with additional late fees shall apply and be due immediately.
LIMITED WARRANTY
Company shall render services under this Agreement in a diligent manner. No other warranty is expressed or implied regarding Company services, recommendation, or consultation, including, but not limited to Company or lender performance. Company. does not guarantee acceptance into any particular loan program or specific loan terms or conditions with any participating lender; loan approval standards are established and maintained solely by an individual lender; likewise, Company does not guarantee the loan terms or rates offered and made available by the participating lender through this Agreement are the best terms or lowest rates available. Borrower understands nothing contained herein shall constitute an offer or promise for a loan commitment or interest rate lock-in.
LIMITED LIABILITY
Parties agree that Company shall not be liable for lost product, lost profit, or any other incidental or consequential damages which may result from Company or associated lender services, recommendations, or consultations under this Agreement.
FORCE MAJEURE
The definition of “Force Majeure‟ within this Agreement, also known as,”Event of Force Majeure‟ means an event beyond the control of the Contractor and the Client, which prevents a Party from complying with any of its obligations under this Agreement, including but not limited to an act of God such as, but not limited to, fires, explosions, earthquakes, drought, tidal waves and floods; war, hostilities (whether war be declared or not), invasion, act of foreign enemies, mobilization, requisition, or embargo; rebellion, revolution, insurrection, or military or usurped power, or civil war; contamination by radio-activity from any nuclear fuel, or from any nuclear waste from the combustion of nuclear fuel, radio-active toxic explosive, or other hazardous properties of any explosive nuclear assembly or nuclear component of such assembly; riot, commotion, strikes, go slows, lock outs or disorder; or acts or threats of terrorism. Neither the Company nor the Borrower shall be considered in breach of this Agreement to the extent that performance of their respective obligations (excluding payment obligations) is prevented by an Event of Force Majeure that arises after the Effective Date. The Party (the “Affected Party”) prevented from carrying out its obligations hereunder shall provide notice to the other Party of an Event of Force Majeure upon it being foreseen by, or becoming known to, the Affected Party.
GENERAL PROVISIONS
THIS AGREEMENT PROVIDES THAT ALL DISPUTES BETWEEN THE BORROWER AND THE COMPANY WILL BE RESOLVED BY BINDING ARBITRATION. BY SIGNING THIS AGREEMENT, THE BORROWER THUS GIVES UP ANY RIGHT TO GO TO COURT TO ASSERT OR DEFEND ANY RIGHTS. THE BORROWER ALSO GIVES UP ANY RIGHT TO PARTICIPATE IN OR BRING CLASS ACTIONS. THE BORROWER’S RIGHTS WILL BE DETERMINED BY NEUTRAL ARBITRATORS AND NOT A JUDGE OR JURY.
ENTIRE AGREEMENT
This Agreement contains the entire Agreement and understanding of the Parties with respect to the subject matter hereof and takes precedence and replaces all prior discussions, agreements, proposals, understandings, whether orally or in writing, between the parties related to the subject matter of this Agreement. This Agreement may be changed, modified or amended only in a written agreement that is duly executed by authorized representatives of the Parties. If any provisions hereof are deemed to be illegal or unenforceable by arbitration or a court of law, the remainder of the Agreement shall be strictly enforced and shall be enforceable without reference to the unenforceable provision. IN WITNESS WHEREOF, the Parties hereto have duly entered and executed this Agreement as of the day and year first above written and represent and warrant that the Parties executing this Agreement on their behalf is duly authorized.