Partner Program Terms & Conditions

a. Consultant will assist Allied in identifying the Property and the terms of Allied’s ability to achieve the Property Disposition. Allied will have ultimate authority to bind Allied, negotiate terms, execute documents, conduct due diligence and underwriting, determine if Allied wants to proceed with any transaction involving the Property, and lead all aspects of the Property Disposition and Consultant will provide insight and counsel to Allied.

b. In exchange for Consultant’s services, Consultant will be compensated pursuant to only one of the following ((i), (ii) or (iii) below):

(i) 10% of Allied’s profit upon the Property Disposition (i.e. after all expenses, taxes, fees, costs, reimbursements, commissions, etc. are paid, Allied will calculate its profit for the Property and remit 10% of such amount to Consultant at or around Closing of the Disposition of the Property); or,

(ii) Active Vestright Pack Members receive 11% of Allied’s profit upon the Property Disposition (i.e. after all expenses, taxes, fees, costs, reimbursements, commissions, etc. are paid, Allied will calculate its profit for the Property and remit 11% of such amount to Consultant at or around Closing of the Disposition of the Property); or

(iii) 2% of projected profit determined by Allied in its commercially reasonable discretion as of the expiration of Allied’s due diligence period pursuant to the underlying agreement for Allied to acquire the Property.

If Consultant elects option 
(i), Allied will pay Consultant an advance against the 10% profit of $6,000 total as follows: 

(A) $3,000 upon Allied and the underlying property owner entering into an agreement for purchase and sale on terms acceptable to Allied; and 

(B) $3,000 upon Allied’s election to continue with the acquisition of the Property after Allied’s due diligence period. If the closing of the Property does not occur the advance(s) shall be applied to future Properties. 

If an active Vestright Pack Member elects option 
(i), Allied will pay Consultant an advance against the 11% profit of $10,000 total as follows:

(A) $3,000 upon Allied and the underlying property owner entering into an agreement for purchase and sale on terms acceptable to Allied; and 
(B) $7,000 upon Allied’s election to continue with the acquisition of the Property after Allied’s due diligence period. If the closing of the Property does not occur the advance(s) shall be applied to future Properties. If Consultant elects option 

(ii), Allied will pay Consultant an advance against the 2% profit of $3,000 total upon Allied and the underlying property owner entering into an agreement for purchase and sale on terms acceptable to Allied; If the closing of the Property does not occur the advance shall be applied to future Properties. The 2% of anticipated profit will be payable within 30 days after Allied’s election to continue with the acquisition of the Property after Allied’s due diligence period.

c. Consultant acknowledges and agrees the timing of Allied’s due diligence and closing of the Property is subject to many factors and can change with amendments or similar instruments after an agreement for purchase and sale is executed. Allied’s average due diligence period is between 90-150 days after opening escrow on a property and Allied’s average Disposition of a property it has in escrow is between 12-18 months after opening escrow on such property). Again, all such time periods may vary and Allied will have ultimate say on extending or shortening such time periods.

d. Consultant acknowledges and agrees that a property is deemed qualified for this program if Allied has no record of contact with the owner of the property. Contact is defined as a call, sms or email with Allied Development or one of its employees which is logged in Allied's customer relationship database. 

e. Consultant acknowledges if a referred property is deemed disqualified it will remain in our database for a period of 12 months and the partner will be compensated per this agreement if the property moves through Allied’s due diligence process and is subsequently dispositioned. For the avoidance of doubt the 12 month period is for Allied to move the property to the next phase in its process not for the property to be dispositioned.

2. Expenses. Each party is responsible for its own professional fees and costs including, without limitation, all attorneys, accountants, valuator and other consultant fees and costs incurred in connection with the Property Disposition. 

3. Governing Law. The terms and conditions of this Letter of Intent are governed by Arizona law but likewise any payments to Consultant are subject to any laws in Arizona and in the state where the Property or Consultant is located regarding the payment of consulting fees to persons who may not be licensed real estate professionals in such state.