Brokerage FEE

Whereas the Business buyer is desirous to appoint and authorize the Consultant as his agent, granting him the non- exclusive rights to buy, trade any / all portion of the business.
Whereas the Consultant agreed to this engagement by promising to utilise its best efforts as part of its regular course of business to locate a successful business that meets the requirements of the business buyer.
Whereas both Parties are agreed to the terms and conditions of this agreement in order to execute the transaction more effectively;

1. Owner agrees to compensate the Consultant as its management fee or commission of the following percentage of sale value of the business.

2. Sale value of the business is considered as a total value of the business which Investor will be liable to pay including but not limited to stocks and inventory.
3. Consultant remuneration will be paid by business buyer on the day of signing the SPA and obtaining a deposit.
The full commission and management fee are considered as earned and due to Consultant in case if;
3.1 The business that the Consultant introduced is purchased or otherwise transferred to the business owner, SPA is signed.
3.2 Business is bought within one year of the termination or expiry of this agreement from anyone referred or introduced by Consultant during the terms of the agreement.
4. Business buyers are obliged to deposit a security check equal to 5% of the business value as a guarantee. If the business is not purchased through a consultant, the security check will be refunded.

The validity of this agreement will be for 03-6 months from the date of signing or until the transaction is executed, which will be auto renewed for every 3 months until 30 days notice is served by either party.

The duties and obligations of both the parties towards the other party and / or to any third party are limited to the terms and conditions of this agreement. Consultant doesn’t constitute any representation, warranty or guarantee of any kind whatsoever, and will not stand liable for any direct or indirect loss, loss of profit, personal business opportunities, emotional disturbances, special or consequential damages arising out of or in connection with any delay in performance or nonperformance due to whatsoever the reason may be.

During the term of this Agreement and for a period of One (1) year thereafter, Consultant shall maintain in confidence and use only for purposes of this Agreement any information or documentation which Owner marks “Confidential” (collectively “Confidential Information”). To the extent it is reasonably necessary or appropriate to fulfill its obligations or exercise its rights under this Agreement, Consultant may disclose without prejudice, the Confidential Information which it is otherwise obligated under this Article not to disclose to its affiliates and to prospective Investor or co-broker, on a need-to-know basis, on condition that such entities or persons agree to keep the Confidential Information confidential for the same time periods and to the same extent as Consultant is required to keep the Confidential Information confidential. After 1 year flippers will dispose of the confidential information.

This Agreement shall endure to the benefit of the parties hereto and shall be binding upon the parties hereto and their respective heirs, successors, and assigns

If any term, covenant, condition, or provision of this Agreement thereof to any circumstance shall be invalid, illegal, or unenforceable to any extent, the remaining terms, conditions, and provisions of this Agreement shall not be affected thereby.

This Agreement shall constitute the entire agreement between the parties and will supersede any prior understanding or representation.

In accordance with the Uniform Electronic Transactions Act ( UETA) and the Electronic Signatures in Global and National Commerce Act, or E-Sign (the Act) and other applicable local or state legislation regarding Electronic Signatures and Transactions, the parties do hereby expressly agree to the use of electronic signatures as an additional method of signing and/or initialing this Agreement. The parties hereby agree that either party may sign electronically by using a digital signature service.

Any dispute which may arise in connection with the interpretation of the provisions of this contract shall be amicably settled, failing which; State and/or Federal Law of USA will be the governing rule. The award of the arbitration shall be final and binding upon both parties. Nothing in this Agreement is intended to contradict any mandatory provision of any Applicable Law.