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AGREEMENT FOR FINDER SERVICES
This agreement is made this _________ day of ___________________, 20___ by and between The Money Finders, Inc. (FINDERS) with offices at 5438 Bristol Parke Drive, Clarkston, MI 48348 and __________________________________________________ of ______________________________________________________ (Client), Issuer(s). WHEREAS the Undersigned agrees to an engagement by The Money Finders, Inc. (retained as an independent contractor and not as an agent of the issuers), in connection with an investment or other valuable requirements presently being sought by the Client, on the terms, conditions and restrictions hereinafter provided. NOW THEREFORE, in consideration of the promises and of the mutual covenants and conditions contained in this agreement, it is agreed by and among the parties as follows: 1. FINDERS will locate, introduce and/or refer prospective investors or buyers to the Client. 2. FINDERS will read the Offering Circular, Business Plan or Private Placement Memorandum provided by the Client, and will confine himself strictly to the information that is therein contained. All other questions about the Offering will be referred to the Client. FINDERS shall in no event tout or endorse the purchasing of the Offering. 3. FINDERS will locate, introduce and refer only to those individuals or entities believed to be suitable investors, as set forth in the Offering, or by merit of their financial condition, experience, or need for investments. 4. FINDERS acknowledges that they are in no way acting as a common law agent of the Client, and that subsequently has no right to sell any of the Client’s securities, or to make any deals, contracts, or any obligation of any kind, expressed or implied, on their behalf, or to bind them in any way. 5. Under no circumstances shall FINDERS take possession of any of the Investor’s cash, checks, hinds or subscription agreements to purchase the Client’s securities. The Client and the Investor are instructed that those items should be sent or delivered directly from the Investor to the Client, or it should be arranged for the Client to receive them directly from the Investor. 6. Under no circumstances shall FINDERS represent the Client in offering the Client’s securities, or attempt to sell the Client’s securities, or to sign-up subscription agreements therefore. All sales of the Client’s securities can only be made by the Client or authorized agent thereof. 7. The Client covenants that the names and situations of potential Investors that are referred, or made known by FINDERS, are the sacred “Informational Property” made to the Client by FINDERS, and that FINDERS or the authorized representatives of the Client may not enter into separate agreements with the Investor with out the knowledge, consent and stipulation of compensation for those agreements. 8. All matters relating to fees or other conditions of the Client’s activities must be in writing, signed by an authorized representative of the Client and an Officer of FINDERS, and attached to this document. 9. All Investors may be required to state in writing, whether any of the rules of the Michigan Department of Commerce, Corporation and Securities, who regulate Registered Investment Advisors/Finders, have been breached. 10. As compensation for the endeavors, FINDERS will receive a consideration in the appropriate amounts listed below: a. 10% for amounts under $1,000,000.00 (or by prior negotiation, as amended herein). b. Above $1,000,000.00, the “Lehmann” Formula will be used, to wit: i. 5% for first $1,000,000.00 ii. 4% for the second $1,000,000.00 iii. 3% for the third $1,000,000.00 iv. 2% for the fourth $1,000,000.00 v. 1% for the fifth $1,000,000.00 and over.
11. Any negotiations of these amounts must be agreed by the Client and FINDERS, and must be in writing and attached to this document. 12. Either party may cancel or terminate this agreement at any time, with or without cause, effective upon transmission of any written notice from the party so desiring to terminate. Such notice shall be sent to the appropriate party at it’s/his address shown below. Terminations or cancellations of this agreement shall not effect the Client’s and/or FINDERS rights and obligations that have already been vested hereunder, nor responsibilities and rights that occur before the time and date of the effective notice of termination or cancellation. 13. This agreement contains the entire understanding between and among the parties, and superceded any prior agreements between them representing the subject matter of this agreement. 14. This agreement shall be binding on the heirs, executors, administrators, successors and assigns of the parties thereto, and shall be deemed to be made in accordance with the laws of the State of Michigan. 15. Any notice required to be given or made to a party hereunder shall be deemed given or made when delivered or mailed by registered mail to the address of each party appearing below. 16. This agreement shall remain in force for a period of 1 year unless terminated as specified in paragraph 12 above. Renewal of this agreement shall be accomplished through the execution of a new agreement. 17. The undersigned hereby acknowledges receipt of this Agreement, and duly executes this Agreement this day and year first written above.
(It is mutually agreed that electronically produced signatures (faxed) and non-witnessed signatures will be binding)
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