Member Agreement

“Member”, hereby apply for membership in T & C Global Barter Exchange (hereinafter referred to as “TE”) for the purpose of trading products and/or services with other TE Members or affiliated trade exchanges.We agree to read and abide by the Trading Rules and Regulations prescribed under *rules and regulations* on this website which are incorporated with and made a part of the agreement. We further agree that this Agreement may be amended from time to time, in the manner provided herein.

UPON ACCEPTANCE as a CLIENT of TE, I/WE AGREE

1.To offer our products and/or services up to $3000 to other members of TE for 100%
trade dollars at our *regular prevailing prices. Products or services over $3000 may contain a cash component as long as $3000 or 50%, whichever is greater, is charged through trade.

2. That our products and services shall be bartered exclusive through T & C Global Barter Exchange and that we shall not be a member of another barter exchange, directly or indirectly for the duration of our contract with T & C Global Barter Exchange.
3.To pay upon execution of this Agreement, an initial set up fee of $299 plus GST
; a monthly administration and Bad Debt Reserve Fund fee of $20 in trade to be automatically deducted from our trade account immediately after execution of this Agreement; a service charge of 1.5% or $5.00 per month, whichever is greater on all delinquent (over 30 days) fees; and any fees or charges associated with any loan agreement I/We may execute.
4.To pay TE a Commission fee of 7% cash on all transactions or 5%
cash if the member chooses credit card or pay pal payments.The commission
shall be based upon and applied to the gross value (both cash and trade) of each
transaction. Every transaction involving trade dollars shall be commissionable. All
fees, including the initial set up fee and commissions, are in payment for services
rendered by TE in processing Members into the exchange system, establishing and
maintaining records, and facilitating the Members’ use of the exchange.
5.That I/We acknowledge, consent, and grant to TE the right and power to regulate
and control the number of outstanding trade dollars within the exchange system,
and to make trade dollar loans to Members as stipulated in this Agreement.
6.That I/We acknowledge, consent, and grant TE and those having an ownership
interest in TE the right and power to borrow from the Members and spend within
the exchange system, an amount in trade dollars which at any time shall not
exceed two (2) years gross receipts of TE. Such borrowing shall be recorded on
the books of the exchange as an obligation of TE, showing both principal and
interest due, and shall be collateralized by creating a security interest in specified
property of TE, now owned or hereinafter acquired, tangible or intangible, including
but not limited to inventory, equipment, chattel papers, contract rights and
accounts receivable, and in all proceeds and all additions and accessions to said
property; and TE will further warrant that it is the sole owner of specified collateral
and that it is free of any prior lien, security interest, encumbrance, or claim, and that
it will defend the collateral against the claims and demands of all persons;
7. It is hereby understood and acknowledged that this Agreement and the referenced
Trading Rules and Regulations constitute the entire Agreement as between the
parties and shall both be binding upon the Members and the heirs, successors, personal
representatives and assigns of the Member. It is further understood that this
Agreement shall become effective when signed by the Member and approved by an
Officer of TE and that it shall in no way bind or otherwise obligate any other person
or entity.
8.By establishing an account you acknowledge having reviewed this Agreement which shall be
construed and enforced in accordance with the laws of the Province of Manitoba; and
agrees that all persons authorized by Member to hold or use a TE Identification Card
shall also abide by the Trading Rules and Regulations

*regular prevailing prices are current market prices for the product or service. This does not include sale prices. Prevailing prices must be charged to regular cash customers a minimum of 6 months out of the year. Products or Services that are "always" on sale will be considered to be at regular prices.