An electronic agreement between VIBEUP, Inc. and ASKMAX / ASK Connexion. Please review the terms below, then sign and accept to execute.
Max,
I've been thinking about how ASK Connexion and VIBEUP can create meaningful value for both of our ecosystems.
This is intended to be more than a referral arrangement. The opportunity is to build a bilateral growth partnership around meaningful human connection, business opportunity, trusted community and wellbeing.
We've outlined the partnership in two simple phases:
Nicholas and I have reviewed and signed the agreement below.
If everything reflects our shared understanding, please review and sign and we'll begin building together.
— Luke
This Strategic Partnership Agreement (the "Agreement") is entered into by and between VIBEUP, Inc. and the ASKMAX / ASK Connexion organization (collectively, the "Parties"), effective on the date the final signature is executed below.
Purpose: To establish a bilateral strategic growth relationship between VIBEUP and ASKMAX / ASK Connexion involving:
Current VIBEUP opportunity: a $500,000 Launch Round at a $10.3M third-party valuation, with a $50,000 minimum investment. The Parties intend the following responsibilities:
ASKMAX responsibilities:
VIBEUP responsibilities:
Commercial intent: ASKMAX shall receive a success-based fee equal to 10% of capital actually received by VIBEUP from a qualifying investment directly attributable to an ASKMAX introduction. By way of example, a $50,000 qualifying investment would correspond to a $5,000 potential ASKMAX success compensation.
Because transaction-based compensation related to securities introductions may be regulated, this provision is conditioned on applicable law as follows:
Nothing in this section shall be construed as an unconditional obligation to pay compensation irrespective of applicable securities law.
A Qualifying ASKMAX Introduction means a prospective investor who:
Attribution should be recorded through: /askmax referral tracking; direct email introduction; documented personal introduction; event or webinar registration with ASKMAX attribution; and CRM attribution where available.
To avoid disputes over duplicate relationships: if a person already existed in VIBEUP's network but ASKMAX materially reactivated or advanced the investment relationship, attribution shall apply only with the parties' written agreement to that effect.
Compensation is calculated only on capital actually received and cleared by VIBEUP. It is not calculated on soft commitments, verbal commitments, pledges, unsigned subscriptions, or unfunded commitments.
Payment timing: within 10 business days after the applicable investment funds have cleared and any legally required conditions have been satisfied. If counsel recommends a different payment mechanism, the compliance requirement in Section 3 controls.
ASKMAX Introduction Attribution Period: 12 months from the date of a documented ASKMAX introduction. If an attributable investor enters active diligence during that period but closes shortly afterward, attribution is preserved for that active transaction.
ASKMAX facilitates introductions. VIBEUP retains control of investor qualification, investment presentations, offering materials, diligence, investment documentation, acceptance or rejection, closing, and ongoing investor communications.
ASKMAX must use approved VIBEUP materials and should not independently make representations regarding guaranteed returns, guaranteed valuation increases, investment suitability, future liquidity, or investment terms not contained in approved materials.
The Parties intend an ongoing ecosystem relationship in which VIBEUP supports the ASKMAX Business Profile, the ASK Connexion Community, the ASKMAX referral / attribution pathway, and the dedicated /askmax partnership experience. ASKMAX may introduce humans, businesses, communities and ecosystem partners to VIBEUP.
ASKMAX receives a 10% recurring referral share on qualifying VIBEUP revenue generated from attributable ASKMAX-referred paying humans, businesses and communities while those qualifying accounts remain active and attributable.
The referral share applies to 10% of qualifying net revenue actually received by VIBEUP from the attributable account. Unless expressly approved otherwise in writing, excluded from the calculation are: taxes; refunds; chargebacks; third-party pass-through costs; unrelated transactions; capital investments; and amounts VIBEUP never actually receives.
For marketplace transactions, the referral share applies to VIBEUP's qualifying net platform revenue or fee from the transaction — not to the entire underlying transaction value — unless the parties explicitly agree otherwise in writing.
VIBEUP may introduce businesses and entrepreneurs seeking business networking, membership, sponsorship, events, strategic introductions, marketing, sales, business-development support, and other ASK Connexion services.
ASKMAX pays VIBEUP a 10% referral share on qualifying net revenue actually received by ASKMAX from an attributable VIBEUP-referred client, member, sponsor or service client. Symmetrical attribution principles apply wherever practical.
The intention of this partnership is mutual value creation. Neither party is simply a referral channel for the other. Each party contributes its network, capabilities and ecosystem to create aligned opportunities for both communities.
Each party will keep confidential the other party's private investor information, commercial information, non-public financial information, customer and member information, partnership data, and non-public technology or business information, and will use such information solely for the purposes of this Agreement.
This Agreement does not itself create an employment, agency, general partnership, joint venture or fiduciary relationship between the Parties. Neither party can bind the other without written authorization.
Initial term: 12 months. The Agreement automatically continues month-to-month unless terminated. Either party may terminate with 30 days written notice.
Termination does not eliminate properly accrued payment obligations. Existing attributed referrals retain whatever economic treatment this Agreement expressly provides.
This document represents the Parties' agreement regarding the subject matter. Changes must be mutually agreed in writing. Electronic signatures and counterparts are acceptable.
By signing below, the Parties accept and agree to be bound by the terms of this Strategic Partnership Agreement.
Review the agreement above. By signing you confirm you are authorized to execute this agreement on behalf of ASKMAX / ASK Connexion.
VIBEUP × ASKMAX · VIBEUP-ASKMAX-SPA-v1.0