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Quasi-Franchise Program Operating Agreement
YOU NEED TO CLICK CONTINUE AT BOTTOM OF PAGE TO SIGN UP. This site is operated by BreadStreet.com, Inc. To become a participant in InvestorInspector.com Quasi-Franchise Program, you will have to submit a complete Quasi-Franchise Owner Program Application via our Web site. By submitting your data to InvestorInspector.com web site you acknowledge that you understand that:

YOU ACKNOWLEDGE THAT YOU HAVE READ THIS QUASI-FRANCHISE OWNER AGREEMENT AND AGREE TO ALL ITS TERMS AND CONDITIONS. YOU HAVE INDEPENDENTLY EVALUATED THE DESIRABILITY OF PARTICIPATING IN THE QUASI-FRANCHISE OWNER PROGRAM AND ARE NOT RELYING ON ANY REPRESENTATION, GUARANTEE, OR STATEMENT OTHER THAN AS SET FORTH IN THIS QUASI-FRANCHISE OWNER AGREEMENT

By signing up as Quasi-Franchise Owner you become an Independent Contractor of BreadStreet.com, Inc. and you signify your agreement to these terms of use. If you do not agree to these terms of use, please do not sign up as a BreadStreet Quasi-Franchise Owner. We reserve the right, at our discretion, to change, modify, add, or remove portions of these terms at any time. Please check these terms periodically for changes. Your continued membership with BreadStreet Site following the posting of changes to these terms will mean you accept those changes.

RECITALS
BREADSTREET.COM is in the business of providing their customers with financial services, products, and programs in the capital funding process. BREADSTREET.COM services, products and programs are marketed under contracts between BREADSTREET.COM, their capital funding sources, marketing, software and publishing suppliers.

Quasi-Franchise Owner desires to market financial services, products, and programs for BREADSTREET.COM.

BREADSTREET.COM desires Quasi-Franchise Owner to provide marketing, follow-up and advertising services for the purpose of assisting the capital funding process for prospective BREADSTREET.COM clients/customers.

In consideration of the mutual promises contained herein, the parties hereby agree as follows:
1. INDEPENDENT CONTRACTOR STATUS

A. BREADSTREET.COM hereby appoints Quasi-Franchise Owner, and Quasi-Franchise Owner hereby accepts such appointment, as Independent Contractor Referral Quasi-Franchise Owner for BREADSTREET.COM subject to the terms and conditions set forth in this Agreement.
The parties understand and agree that Quasi-Franchise Owner (its officers, employees, and Quasi-Franchise Owners, if any) shall perform services required hereunder in such a manner, as Quasi-Franchise Owner deems appropriate and effective, without direct supervision by BREADSTREET.COM, as an independent contractor referral Quasi-Franchise Owner and not as an employee of BREADSTREET.COM.

B. Quasi-Franchise Owner shall, however conform to BREADSTREET.COM policies in regard to work done for BREADSTREET.COM. Quasi-Franchise Owner is not authorized to represent him/her self as a signatory Agen, division or subsidiary of any BREADSTREET.COM capital funding or publishing source. Quasi-Franchise Owner does not have, nor shall he hold himself out as having any right, power or authority to create any contract or obligation, either expressed or implied on behalf of, in the name of, or binding upon BREADSTREET.COM.

QUASI-FRANCHISE OWNER IS NOT ALLOWED TO BECOME AN EMPLOYEE OR CONTRACTOR OF ANY BREADSTREET CLIENT. QUASI-FRANCHISE OWNER IS NOT ALLOWED TO CONTACT INVESTORS ON BEHALF OF ANY BREADSTREET CLIENTS. FURTHER, QUASI-FRANCHISE OWNERS CANNOT BE PROMOTING THE SERVICES OR PRODUCTS OF COMPANIES THAT HAVE NOT BEEN AUTHORIZED IN WRITING BY BREADSTREET.COM, INC. AN QUASI-FRANCHISE OWNER WILL BE DISMISSED IMMEDIATELY IF FOUND TO NOT COMPLY WITH THESE POLICIES.

C. DUTIES: Quasi-Franchise Owner shall use its best efforts to solicit referrals for products and services offered by BREADSTREET.COM. Quasi-Franchise Owner shall deliver referrals at such times and in such manner as set out in BREADSTREET.COM policies and procedures, which may be amended or changed from time to time as is reasonably necessary for the efficient conduct of business. Any referral may be accepted or rejected for any good faith business reason such as failure to meet credit standards established by BREADSTREET.COM capital funding sources. Quasi-Franchise Owner agrees not to misrepresent any BREADSTREET.COM products and programs and should maintain the company’s positive image at any time.

D. EXPENSES: There is a one time fee of $1,000.00 for the activation of each Quasi-Franchise Owner platform. The fee must be paid in full prior to receiving Quasi-Franchise Owner rights. Further, each Quasi-Franchise Owner shall be responsible for all expenses incurred in connection with Quasi-Franchise Owner performance of services pursuant to this Agreement, including, but not limited to; expenses for advertising, travel, meals, lodging, telephone, supplies, client (or prospect) entertainment, promotional activities, meeting rooms, and all taxes and other Government requirements as would any other self-employed person.

2. COMPENSATION
REFERRAL COMMISSIONS are paid based upon the appropriate percentage of all domestic and international fees according to the commissions’ schedule provided at this site. Commissions may change from time to time in relation to changes made by BREADSTREET.COM capital funding sources and publishing suppliers.
RESIDUAL COMMISSIONS: Quasi-Franchise Owner shall be entitled to receive commissions as long as any additional business is done by BREADSTREET.COM with Quasi-Franchise Owner customers and as long as Quasi-Franchise Owner maintains good standing with BreadStreet.com, Inc.
REPORTS AND PAYMENT OF COMMISSIONS: Commission payments from the BREADSTREET.COM capital funding sources are due to Quasi-Franchise Owner and will be paid at closing or upon client paying any fee generated from Quasi-Franchise Owners advertising. Quasi-Franchise Owner shall furnish to BREADSTREET.COM accurate status reports and updates regarding progress of transactions. In any event, BREADSTREET.COM shall report and pay any and all commissions and fees to Quasi-Franchise Owner on or before the 15th day of the month immediately following the month in which BREADSTREET.COM receives payment on the respective transactions for which such commissions and fees are due to Quasi-Franchise Owner.

3. TERMINATION OF AGREEMENT

A. Quasi-Franchise Owner may terminate this agreement for any reason, in its sole discretion, upon 15 days written notice by Quasi-Franchise Owner.

B. This agreement may be terminated by BREADSTREET.COM for any reason it deems to be damaging to the performance or image of BREADSTREET.COM or if QUASI-FRANCHISE OWNER is not complying to any of the policies of this agreement. Such termination can be at BREADSTREET.COM sole discretion, upon 5 day written notice by BREADSTREET.COM. If this agreement is terminated, Quasi-Franchise Owner will not receive commissions in accordance with this contract.

If Quasi-Franchise Owner is terminated he, she or it, agrees to adhere to each of these stipulations:

Quasi-Franchise Owner will not contact or accept orders from any existing BREADSTREET.COM customers, or, contact capital funding sources or contracted by BreadStreet professionals or any other source of BREADSTREET.COM for any purpose.

5. APPLICABLE LAW. This Agreement shall be governed by the laws of the State of Texas.

6. SEVERABILITY. If any provisions of this Agreement shall be for any reason held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

7. ASSIGNMENT. This agreement may be assigned, in whole or in part, by Quasi-Franchise Owner with the written consent of BREADSTREET.COM, which shall not be unreasonably withheld.

8. MODIFICATION. This agreement will not be modified or any term or provision waived without the written approval of both parties.

9. WAIVER OF BREACH. The waiver of any breach of any provision of this Agreement or failure to enforce any provision hereof shall not operate or be construed as a waiver of any subsequent breach by any party.

10. NON-COMPETE. Quasi-Franchise Owner agrees not to willfully compete against BREADSTREET.COM utilizing any part of the BREADSTREET.COM client list, associations, discoveries, marketing materials, ideas or methods used by BREADSTREET.COM. This shall include any collective discoveries made while Quasi-Franchise Owner is under contract with BREADSTREET.COM and shall endure for a period of 10 years beyond termination of this agreement.

11. NON-DISCLOSURE. Quasi-Franchise Owner and BREADSTREET.COM shall not disclose to any third party any confidential information, and shall not use any confidential information of the other party for their own benefit except as expressly set forth above for the benefit of any third party, without the express written consent of the party owning such confidential information for a period of ten years beyond termination of this agreement.

12. NON-CIRCUMVENTION. Quasi-Franchise Owner agrees not to bypass, circumvent or make a direct contact with contracted professionals of BreadStreet.com, Inc. or Investor Members without written consent from BREADSTREET.COM, INC.

13. INDEMNIFICATION. Each of the parties shall be responsible for its negligent actions and those of its respective officers, employees, and Quasi-Franchise Owners. Each such acting party shall hold harmless and indemnify the other party against any claims, losses, liabilities, damages or expenses (including attorney fees) that are suffered or incurred by the other party that arise directly or indirectly out of the negligence of the acting party.

14. FULL UNDERSTANDING. The parties acknowledge and agree that each has read this Agreement and they fully understand its terms.

15. ENTIRE AGREEMENT. This Agreement constitutes the entire understanding of the parties with respect to the subject matter hereof and supersedes any and all prior or contemporaneous oral or written agreements with respect to such subject matter.

16. LIMITATION OF LIABILITY. The Quasi-Franchise Owner understands that income can vary based on many factors beyond the control of BREADSTREET.COM. Therefore, Quasi-Franchise Owner will hold harmless BREADSTREET.COM from any liability.

IN WITNESS HEREOF this Agreement is hereby executed effective as of the date of the Quasi-Franchise Owner’s sign up.
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