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This Affiliate Referral Agreement (“Agreement”) between NEW AFFLIATE (“Company”) and MyPaymentServices.com / Millennium Bankcard, Inc., located at 9 Dudley Street Place, Ste. 200, Arlington, MA 02476 (“Millennium”) will be effective after it is received and approved by MyPaymentServices.com / Millennium Bankcard, Inc.

WHEREAS, Millennium provides credit card, debit card, ACH, POS equipment, software and all related goods and services (“Millennium Services”) for Company’s referrals to Millennium.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1. Appointment. Millennium hereby grants to Company a nonexclusive right to market and otherwise promote the Millennium’s Services and Company agrees to refer Leads to Millennium for potential enrollment in Millennium’s Services.

2. Residuals. As a tiered referral partner to MyPaymentServices.com, Millennium will pay Company thirty five percent (35%) of all revenue derived from Leads that enroll and purchase Millennium’s services. Millennium will continue to pay Company the residuals for the duration of the relationship between Company and a Lead. Residuals will be paid by the fifth business day of the month following the month of collection.

a. Tiers. Company will earn (10%) override percentage of all revenue derived from sales made by Tier 2 affiliates.

3. Term. The initial term of this Agreement shall be for a period of one (1) year, commencing on the date first set forth below or until Millennium and Company enters into a transaction whereby residual revenues have been acquired by a third party.

4. Confidentiality and Non-Disclosure Use of Confidential Information. Each party that receives information (the “Receiving Party”) from the other party (the “Disclosing Party”) agrees to use reasonable best efforts to protect all non-public information and know-how of the Disclosing Party that is either designated as proprietary and/or confidential or that, by the nature of the circumstances surrounding disclosure, ought in good faith to be treated as proprietary and/or confidential (“Confidential Information”), and in any event, to take precautions at least as great as those taken to protect its own Confidential Information of a similar nature. Each party agrees that the terms and conditions of this Agreement will be Confidential Information, provided that each party may disclose the terms and conditions of this Agreement to its immediate legal and financial consultants in the ordinary course of its business.

5. Non-Solicitation Without the prior written consent of Millennium, Company shall not knowingly directly or indirectly, engage in any business activity that interferes with, disrupts or attempts to disrupt any present business relationship between Millennium and Millennium’s suppliers. Company shall not solicit services directly from Millennium’s suppliers as names may be revealed throughout the relationship.

6. Amendment. This Agreement may only be amended by a written instrument, duly executed by the Parties.