BUSINESS INVESTMENT AGREEMENT.

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March 18, 2023

BUSINESS INVESTMENT AGREEMENT.

This Business Investment Agreement (hereinafter referred to as the “Agreement”) is made and entered on this ____ day of _____ 2021 (the “Effective Date”), between Escapes Holdings LLC, Contact Info: 727 N Yukon Ave Tulsa, Oklahoma 74127 (hereinafter referred to as the “Company”), and __________, Contact Info: ___________ (hereinafter referred to as the “Investor”).

WHEREAS, the Investor herein is an independent entity, investing into an already existing business entity.

NOW THEREOF, in consideration of the mutual covenants and promises made by the Parties hereto, the Parties covenant and agree as follows:

  1. TERM.

The initial term of this Agreement shall be for a period of Ten Months commencing on the Effective Date herein.

  • CONDITION.
    • The Investor shall be investing Twenty Five Thousand Dollars ($25,000) in the Company.
    • The Company shall pay the Investor Fifty Thousand Dollars ($50,000) starting December 2021, payments to be made in increments of Ten Thousand Dollars ($10,000) per month.
  • INTELLECTUAL PROPRIETARY RIGHTS.

The Investor acknowledges and understands all the Company’s genetics, SOP’s and any formulas and/or materials created by the Company shall be fully owned by the Company. This Agreement does not confer upon the Investor any of the Company’s intellectual proprietary rights over the mentioned content or any other materials copyrighted and/or patented by the Company.

  • CONFIDENTIALITY.

The Parties agree and understand that they shall keep the terms and content of this Agreement as well as the nature of the Company’s dealings and operations confidential. Neither Party can share the details of this Agreement without a written consent of the other Party. The Parties agree that they shall do everything necessary in their personal capacity and as a team to always maintain the confidentiality of the business. The Investor agrees that they shall NOT disclose the amount they are investing into and/or gaining from this Agreement to a third party without a written consent from the Company.

  • WAIVER AND ASSIGNMENT.
    • The waiver by either Party of any breach or failure to enforce any of the terms and conditions of this Agreement at any time shall NOT in any way affect, limit, or waive such party’s right thereafter to enforce and compel strict compliance with every term and condition of this Agreement.  
    • No Party shall assign its rights or obligations under this Agreement without prior Notice or consent by the other Party.
  • DISPUTE RESOLUTION.

In the event of disputes arising about the execution of this Agreement and/or performance of obligations stated herein, the Parties shall solve such issues through a mediation process in accordance with the ADR regulations of the State of Oklahoma, USA.

  • TERMINATION/CANCELLATION.

Parties agree that either Party can cancel/terminate the Agreement at any given time, provided that the intending Party provides the other Party a ________ Day Written Notice on the cancel/termination. The Company shall cancel this Agreement if the full investment amount is not received by 1st July 2021. If the Investor cancels/terminates this Agreement, they shall provide the Company a grace period to pay them any remainder of payments due before the Agreement is declared effectively terminated/cancelled.

  • MODIFICATION.

This Agreement contains the entire Agreement between the Parties relating to the subject matter hereof and supersedes any and all prior agreements or understandings, written or oral, between the Parties related to the subject matter hereof.  No modification of this Agreement shall be valid unless made in writing and signed by both parties hereto.

  • GOVERNING LAW/JURISDICTION.

This Agreement shall be governed by and construed in accordance with the laws of the State of Oklahoma, USA. Exclusive jurisdiction and venue shall be in Oklahoma, USA.

Each party represents and warrants to the other that such party has acted in good faith, and agrees to continue to so act, in the negotiation, execution, delivery, performance, and any termination of this Agreement.

IN WITNESS WHEREOF, this Agreement has been executed by the parties as of the Effective Date.

COMPANY: _____________            ________________________                 ___________

                        (SIGNATURE)                  (NAME)                                             (DATE)

INVESTOR: _____________            ________________________             ___________

                           (SIGNATURE)                               (NAME)                               (DATE)

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