Global Financial Services
468 North Camden Drive - Suite 305
Beverly Hills, CA 90210

Tel: 310-860-7510   Fax: 310-358-9960

 Independent Contractor and Loan Referral Agreement

This Agreement will be between Global Financial Services at location listed above (hereinafter designated as “GFS”) and the referring party for business financing (hereinafter designated “the Affiliate”).  The foregoing are jointly referred to as “the Parties”.  The party that is seeking financing through  GFS services is hereinafter referred to as “the Client”.

1.  Nature of Agreement.  the Affiliate and GFS have agreed for the Affiliate to perform services for  GFS for the purposes of obtaining business financing and other related business services performed by GFS for the Client.    This Agreement shall commence upon online approval of this Agreement by the the Affiliate and shall terminate upon the conclusion of funding on financing applied for by GFS or upon ten business days written notice by either party by facsimile or e-mail to the other party.  In the event that either party terminates this Agreement all applications submitted prior to effective date of termination shall continue until funding is completed as if no termination notice was provided. 

2.  Relationship of The Parties.  The the Affiliate is neither an employee of GFS nor is authorized to contact any lender or engage in any negotiations with any lender directly or indirectly on behalf of GFS in connection with securing financing for the Client without express written authorization of GFS.  The the Affiliate agrees to release, indemnify and hold harmless GFS from all liability in connection with any possible disputes with the Client.  GFS is authorized to contact the Client on all business matters at it’s sole discretion and perform its services without any regulations or procedures imposed by the Affiliate.

3.  Finder Fees and Payment.  GFS agrees to compensate the Affiliate  on any loan fees received by GFS on loans, lines of credit, credit cards, and/or outside investor or equity funding obtained from the Client Affiliate referring the client in accordance with the following schedule within ten days  of closing of financing and receipt of payment from the Client:

Number of Deals Closed                                         Affiliate Commission on Client Fee to GFS

4.  Independent Contractor Status.   The Affiliate is an Independent Contractor and not an employee of GFS and is responsible for payment of her own taxes as none are deducted by GFS from any revenues paid. 

5.  Non-Compete, Confidentiality of Agreement, and Trade Secrets.  The Affiliate agrees that for a period of  two years from the date of approval of this Agreement that neither he nor any business that she is affiliated with will in any capacity own, manage or control any loan finder service or compete with GFS on any services provided.  Affiliate further agrees not to use nor disclose to any outside parties any of GFS forms or contracts for any purposes other than arranging financing for Client’s referred to Affiliate.  All methods of operation of GFS and training are to remain confidential by the Affiliate and not disclosed to any outside parties and are to be deemed “trade secrets” of GFS.  Trade secrets that have been developed or are in use by GFS include but are not limited to: Dun and Bradstreet credit information and repair, personal credit and repair, business and personal loan applications, contracts, informational materials sent to the Client, forms, consulting with the Client, and all lenders, investors and sources of funding used by GFS.

6.  Liquidated Damages.  If the Affiliate defaults on any provisions stated in paragraph No.”6”  it would be extremely difficult to calculate the exact amount of damages to GFS and Affiliate hereby stipulates to liquidated damages in amount of $100,000.

7.  Default.  If either party alleges default by the other in connection with the terms and conditions herein all litigation shall be governed and construed under the laws of the State of California, Los Angeles County  The prevailing party in any litigation shall be entitled to recover from the other all attorney fees, court costs, collection fees and related expenses form the other.  If a court of competent jurisdiction should find any part of this Agreement to be invalid or unenforceable all remaining parts shall remain unaltered and in effect, as exclusive jurisdiction for all legal matters.