TERMS & CONDITIONS
REFERRAL FEE AGREEMENT
This Terms and Conditions (the "T&C") constitute a legally binding contract between Lazo Fintech, Inc., a company incorporated under the laws of Delaware (hereinafter "Lazo" and/or the "Company"); and a partner who may, from time to time, refer potential customers to the Company (hereinafter referred to as the "Partner" and collectively with the Company, the "Parties").
By virtue of this, Lazo invites the Partner to carefully read these T&C as they contain obligations, rights, and remedies, which, by entering in the Referral Fee agreement, the Partner agrees to comply with and accept.
ANY PERSON WHO DOES NOT AGREE TO THESE GENERAL TERMS AND CONDITIONS, WHICH ARE MANDATORY AND BINDING, SHOULD REFRAIN FROM ENTERING INTO THIS AGREEMENT.
1. Referral Arrangement.
1.2. Lazo is a platform that provides financial, bookkeeping, tax and investment round support solution products and services (the "Services") to different users (the "Clients");
1.3. The Referral Fee Agreement grants the Partner the opportunity to refer potential clients to the Company and receive a Referral Fee for the services described above, for each successful client (the "Successful Client"):
Incorporation in Delaware, Florida, or Wyoming
Support during an investment round
Post-Incorporation Documents
Filings in Delaware, Florida, or Wyoming (state fees not included)
Annual tax returns and other tax products
Startup, Growth, and Custom Accounting Packages
Startup, Growth, and Custom Payroll Packages
And other similar services with annual subscription fees
1.4. For purposes of this Agreement, a Successful Client is a client referral by the Partner that becomes a Client of the Company and has contracted a recurring or non-recurring Service of the Company.
1.5. Partner agrees, that neither Partner nor any affiliates of Partner, will impose or collect any fee of any kind, including but not limited to, any application fee, referral fee, or funding fee from any Successful Client, for any product or service offered under or related to the Partner or Partner’s affiliate’s performance under this Agreement.
2. Pricing & Payment.
2.1. Fees (the “Referral Fees”) will be calculated and paid pursuant to the following terms and conditions:
2.2.1. Non-Recurring Clients: Company shall pay the Partner a one-time Referral Fee of 10% (ten percent) of the value of Non Recurring services contracted by each Successful Client.
2.2.2. Recurring Clients: Company shall pay the Partner a Referral Fee of 5% (five percent) of the Recurring Service per month for up to 12 (twelve) months or until the Successful Client unsubscribes from the Recurring Service, whichever happens first.
All payments shall be made via bank transfer to the account indicated by the Partner on the invoice and shall be subject to applicable tax deductions or withholdings as required by law.
2.2. The Company may, in its sole discretion: set discounts; make allowances, adjustments, or refunds to its Clients. In each such case, the Company may deduct such amounts or charge back to the Partner’s account any such amounts previously paid or credited to the Partner.
2.3. Subsequent sales made to Successful Clients by Company shall not be used as a basis for the calculation of the Referral Fee. In addition, Company shall pay the Referral Fee to the Partner only for the first effective sale to the Successful Client.
2.4. The Referral Fee is calculated on the Services effectively paid by the Successful Client and received by Company during each quarterly period, prior to the Referral Fee Payment Date as described above in Section.
2.5. Referral Fee Payment Date: Payment Schedule: Referral Fees will be paid on a quarterly basis. Payments will be processed on the second Friday of January, April, July, and October.
In this sense, every 3 (three) months Company will report to Partner the amount of corresponding Referral Fee to be paid, and Partner will send an invoice to Company with the total amount. Company will pay Partner within the first 10 (ten) business days following the reception of the invoice.
2.6. Invoice Information: The invoice should be addressed to Lazo Fintech Inc. 7901 4th St N # 14663 St. Petersburg, FL 33702, and sent via email to partnerships@lazo.us. The reason listed in the invoice shall be “Partner Referral Fees - [Partner Name]”.
EXHIBIT A
REFERRAL PERKS
The Company will grant to the Partner a one-time Referral Perk of 10% (ten percent) of the following services:
● Incorporation in Delaware, Florida or Wyoming
● U.S. Address
● BOI Report
● Support during an investment round
● Assignment of Units
● Post Incorporation Documents
● Filings in Delaware, Florida or Wyoming (state fees not included)
● Cap Table management
● Annual tax returns and other tax products
● Fractional CLO
● Fractional CFO
● Fractional controller
● Startup, Growth, and Custom Accounting Packages
● And other similar services with annual subscription fees.
● Tax Services
● Bookkeping
● Lazo One
