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 Terms and Conditions as prescribed under Terms and Conditions 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. Not applicable to construction or corporate trades over $10,000.

2. That our products and services shall be bartered exclusivey 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 $17, half cash/half trade to begin 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 a 1.5% negative balance interest charge associated with any loan/line of credit provided by TE.

4. To pay TE a Commission fee of 7% cash on all transactions or 5% cash if the member chooses credit card 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 Terms and Conditions 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 the Member logs into their T & C Global Barter Account and the Member understands that logging into their T & C Global Barter Account constitutes full acceptance of this Agreement and the above mentioned Terms and Conditions and that it shall in no way bind or otherwise obligate any other person or entity. This may also include a signed physical agreement between the Member and T & C but member acknowleges that a signed agreement is not necessary to this contract and that logging into their T & C account constitutes full acceptance of the Agreement.

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 Terms and Conditions.

*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.