Rules and Regulations for OrangeBee Money Global, Inc. "OBMG" and OBMG Neighborhoods.
Effective April 01, 2023
This Agreement (Agreement) is by and between OrangeBee Money Global, Inc., hereafter referred to as (OBMG), a Florida Corporation, United States of America, also ("us," "we," or "our") and OBMG members hereafter known as (member).
They form part of and are included in the Application and Agreement that has been made with OBMG by members. OBMG at its sole discretion may modify, amend, change, delete, or add to these Rules and Regulations as OBMG deems necessary. Notice is deemed given when posted at OBMG.Global website. Failure of members to request in writing the termination of their OBMG membership, or any purchase or sale, or the use of the OBMG website by a member constitutes acceptance of all terms and conditions of the Rules and Regulations and the application and agreement.
Recitals:
WHEREAS the member is an organization or individual that wishes to use OBMG's SaaS.
WHEREAS OBMG is in the business of providing an online marketplace and online management system as a SaaS. The SaaS promotes sales and purchases between OBMG members, producing additional sales for them.
Members who sign up will be able to visit OBMG'S website or Mobile APP (including any successor websites and sell or purchase their products and/or services, paying with OBMG.
WHEREAS member desires to set up an OBMG Neighborhood and use the SaaS to generate a cash income by signing up OBMG members and receiving a percentage of the cash broker fee received from those members.
See sections "Level One Neighborhood" and "Level Two Neighborhood" for differences between levels.
Therefore, OBMG and members hereby agree to the following:
CURRENCY AND RELATED DEFINITIONS
"Cash" shall mean legal tender or currency of the United States of America or the country where the member is located.
OrangeBee Money Global "OBMG" is the name of the company. OBMG is also the name of their medium of exchange, money.
Any information and/or content obtained by the member relating to or concerning OBMG is a "trade secret" as defined in Section 688.002(4), Fla. Stat.
OBMG MEMBER FEES
There is no cost for a lifetime membership (no credit card required) and no cost when we bring the member additional sales; in fact, no cost ever until the member's first purchase. That triggers a $15.00 OBMG admin fee each month (OBMG money, not cash). And in any month, their sales and purchases do not exceed $150.00, a $15.00 cash admin fee. But what it actually costs for the additional sales is only a 10% cash broker fee on each purchase.
OBMG also helps the unemployed, and the school and college students earn additional income and pay OBMG for all their fees instead of cash.
COMMISSION AMOUNTS AND OBLIGATIONS FOR MEMBER AND NEIGHBORHOODS.
OBMG Member's Signing Up New Memgbers.
Will receive thirty percent (30%) of all cash broker fees collected from members they signup.
Will be responsible and very aggressive in signing up new OBMG members and seeing that all their required information is entered on OBMG's website correctly and their AutoPay and Marketplace ad is set up.
Members must qualify to receive their commissions by signing up at least two (2) approved Members in the month their commission was due.
Once the member signs up fifteen (15) members they will no longer have to qualify monthly. If membership later drops below fifteen (15), they must again qualify each month until they exceed fifteen (15) Members.
If the member goes for six (6) consecutive months without signing up two (2) approved members, they will not be entitled to any future cash commissions and their OBMG Neighborhood agreement will be terminated.
All commissions will be paid to the members of OBMG Neighborhood on monies received with like-kind (cash received cash paid, OBMG received OBMG paid) within thirty (30) days after the close of the month in which income was received by OBMG.
OBMG will be responsible for:
Furnishing and maintaining a personal turn-key SaaS website
Maintaining member records
Maintaining IRS information
Reporting member's 1099-B information to IRS
Maintaining a record of member's cash billed
Collecting members of their OBMG Neighborhood cash due
OBMG will be responsible for using a reasonable effort in brokering the members in their OBMG Neighborhood.
OBMG Neighborhood
Will receive seventy percent (70%) of all cash broker fees collected from members signed up by members in their Neighborhood.
Will pay OBMG $30.00 cash per month for their OBMG Neighborhood.
Will be responsible and very aggressive in signing up new OBMG members and seeing that all their required information is entered on OBMG's website correctly and their AutoPay and Marketplace ad is set up.
Members must qualify to receive their commissions by signing up at least two (2) approved Members in the month their commission was due.
Once the member signs up fifteen (15) members in their OBMG Neighborhood, they will no longer have to qualify monthly. If membership later drops below fifteen (15), they must again qualify each month until they exceed thirty (15) Members.
If the member goes for six (6) consecutive months without signing up two (2) approved members, they will not be entitled to any future cash commissions and their OBMG Neighborhood agreement will be terminated.
All commissions will be paid to the members of OBMG Neighborhood on monies received with like-kind (cash received cash paid, OBMG received OBMG paid) within thirty (30) days after the close of the month in which income was received by OBMG.
OBMG will be responsible for:
Furnishing and maintaining a personal turn-key SaaS Website
Maintaining Member records
Maintaining IRS information
Reporting Members 1099-B information to IRS
Maintaining a record of Member's Cash billed
Collecting Member's cash due
PAYMENTS FOR MEMBERS AND OBMG NEIGHBORHOODS.
Declined Payments. If the member OBMG AutoPay is declined or has cash due for 30 days from the decline, service shall be suspended, and access to the OBMG SaaS shall not be available. After 60 days from the date of the decline, service shall be terminated, access to the OBMG SaaS shall automatically be terminated, and the member will not be entitled to any commissions.
Manner of Paying Cash Fees. All cash fees shall be received via OBMG debiting members OBMG AutoPay with a major credit/debit card. Member hereby grants OBMG continuing authorization to withdraw funds from members' credit/debit card to make such payments.
Reactivation Fees. A reactivation fee, payable in cash in the amount of $200.00, will be incurred and charged to reactivate a SaaS suspended for non-payment plus all fees that would have accrued while suspended.
OTHER MEMBER INFORMATION
OBMG will not be responsible for or pay any expenses incurred by members. Member agrees to secure any and all permits, licenses, or any requirements to operate their business. OBMG does not furnish members with office facilities, clerical help, motor vehicles, or insurance.
Tax: Member is an independent contractor and not an employee of OBMG. No taxes, FICA, or any tax of any kind will be withheld by OBMG from the members commissions or other compensation. Member will be solely responsible for the payment of any City, County, State, Federal, or any Tax of any kind that member may owe resulting from any monies received from OBMG.
NONE SOLICIT
OBMG agrees not to solicit any OBMG member identified by the member as a member they signed up to their OBMG Neighborhood to join as a member of another OBMG Neighborhood.
All OBMG Neighborhoods agree not to sign up a member of another OBMG Neighborhood.
TRANSACTION IMPLEMENTATION
Each time a member buyer and seller agree upon a transaction via the Website/Mobile App, either the buyer or seller must enter the transaction on the OBMG Website/Mobile App before delivering any products or services. To the extent practicable, OBMG will process transactions of the Members to make the following debits and credits:
• A debit to the buyer's OBMG account in the sale amount.
• A credit to the seller's OBMG account in the purchase amount.
TRANSACTION FEES
The Cash transaction fees required for members will be debited to their OBMG AutoPay before posting the transaction. If a member's OBMG AutoPay is declined, the transaction will be declined.
OBMG will be responsible for collecting fees charged to members by OBMG. However, all commission payments to members will be on monies collected.
Adjustment of Fees. OBMG reserves the right to increase or adjust fees charged to members upon sixty (60) days of written notice. The increase or adjustment of fees shall automatically replace the current fee schedule 60 days after notification.
DUTIES AND OBLIGATIONS OF OBMG
Disclaimer. OBMG will use its best efforts to maintain the website and record transactions accurately. OBMG does not warrant nor guarantee any transaction and shall not be liable for any losses that may occur, including, without limitation, failure of computers or communications systems or equipment, software failure, other inoperability of systems of OBMG or systems others, or data loss. OBMG's only responsibility is to record transactions according to this Agreement. OBMG is not responsible for fulfilling any of the obligations of members, the buyer, and/or the seller.
Transaction Procedure. OBMG, in its sole discretion, may refuse to post or may suspend or reverse a transaction when any of the following:
• The buyer or seller does not have sufficient OBMG to cover the transaction
• The buyer or seller is not in good standing with OBMG
• The buyer's member or OBMG has deactivated or put restrictions on the buyer's account.
OBMG has the right but not the obligation to reverse transactions (and debit or credit the accounts, the buyer, and/or the seller) for the reasons set forth in the preceding paragraph. It will be the seller's responsibility to collect from the buyer in this event.
Record Keeping. OBMG will present monthly statements on the OBMG member website and/or via E-Mail to members. Statements are deemed accurate as displayed unless the member notifies the OBMG corporate office, in writing, of any discrepancy within thirty (30) days of the statement date.
Notices to OBMG by E-Mail will not be deemed received unless OBMG confirms receipt. No reversals will be entered on an account by OBMG after one hundred and twenty (120) days after the date of the transaction unless both parties to the transaction agree to the same.
Disclaimer of Warranty and Liability. OBMG makes no representation or warranty, either expressed or implied, and disclaims all liability regarding the fitness, quality, delivery date, merchantability, prices, or any term of any transaction. Member agrees to indemnify and hold OBMG harmless with respect to any claim, debt, or liability arising out of any transaction wherein a member is a buyer or seller. Member acknowledges that any transaction in which it or a member participates is entered into voluntarily.
SUSPENSION OF USE OF WEBSITE
OBMG reserves the right, in its sole discretion, to suspend the use of its SaaS and/or access to the OBMG Management System and/or Global Marketplace to any member when:
• Member uses the Website in violation of any federal, state, or local law
• Member engages in practices contrary to the rules of OBMG
• Member engages in practices harmful to OBMG, members or the OBMG’s website
• Member's OBMG account is not in good standing, or member's overdraft privileges with respect to the OBMG account have been reduced, suspended, or terminated.
MISCELLANEOUS
Taxes. In 1982, the United States Congress enacted the Tax Equity and Fiscal Responsibility Act (TEFRA Act). OBMG operates under the provision of this Act. OBMG is taxable in the year it is earned and reported to the IRS, just as bank interest and income are reported. OBMG is responsible for reporting this to IRS and furnishing the information to members. OBMG recommends members seek advice from a tax expert. OBMG is not a Legal Tender as defined by the US Congress, and member accounts are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other governmental or quasi-governmental agency.
Disputes. Transaction disputes concerning the quality or nature of goods or services purchased, or whether said goods are actually delivered, are exclusively between the buyer, the seller, and/or their respective member, and OBMG has no responsibility in connection therewith other than recording transactions. OBMG is not responsible for use of OBMG by unauthorized persons.
Collection Expenses. In its sole discretion, OBMG may assess a cash collection fee in such amount as may be specified by OBMG from time to time and may include attorney fees.
Termination
• Member may terminate this Agreement upon sixty (60) days' written notice.
• OBMG may terminate this Agreement in the event of a breach of contract as outlined in this Agreement.
• No Cash or OBMG fees will be refunded and the entire cash or OBMG fees for the month in which termination takes place shall be immediately due and payable.
Any member with any cash/OBMG fees owed to OBMG must settle their account with OBMG as soon as possible and in any event within four (4) weeks of the cancellation or termination date. After said four (4) week period, the member may convert to a member account and offer at least three times the amount owed by posting offers of acceptable products/services for sale on OBMG. If the converted member fails to make sufficient sales to cover the debt within ninety (90) days, the member must pay OBMG any remaining negative balance in cash.
Joint and Severable Liability. Individual signing on behalf of a corporation or any legal entity agrees to guarantee and be personally liable for full performance by said Corporation or any legal entity in accordance with the member and OBMG's SaaS Licensing Agreement.
No Waiver of Right. OBMG's failure or delay in exercising any right will not operate as a waiver of that right, nor shall the partial exercise of a right preclude any other or future exercise of any right.
Entire Agreement. The terms contained herein constitute the entire agreement between the parties, and there are no representations, inducements, promises, or agreements, oral or otherwise, between the parties not embodied herein.
Severability and Attorney Fees. Every item contained in this Agreement is severable from every other term herein. If any term should be judged unenforceable, it shall not affect the enforceability of other terms. If OBMG must take legal action against a member to enforce any provision of this Agreement, the member shall pay OBMG's attorney fees, costs, plus interest from the date of default in addition to any other judgment as granted by a court of law. If legal action is taken by a member against OBMG, which results in a judgment or award in favor of the member, the member agrees to accept full payment in OBMG, which will be deposited into the member's account as full satisfaction of judgment or award, including their attorney fees.
Authority. The persons executing this Agreement on behalf of any corporation, partnership, Limited Liability Company or other legal entity have the authority to sign this Agreement and bind the entity thereby.
Headings. The headings have been inserted for convenience only and are not to be considered when construing the provisions of this Agreement.
Electronic Signatures. OBMG and members agree that both parties may accept electronic signatures of the Agreement as an original, legal signature on this Agreement.
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute the same instrument.
Warranty of Information: Member warrants that it provides all information to OBMG in good faith and that such information is accurate to the best of its knowledge.
Applicable Law: This Agreement shall be governed by and interpreted in accordance with the laws of Pinellas County, State of Florida, United States of America, and in the English Language. Any sums awarded to OBMG by any legal authority shall be in cash, United States Dollars.
Jurisdiction and Venue. Any action brought by any party to this Agreement shall be filed, and the venue shall lie only in the courts of Pinellas County, State of Florida, the United States of America to which jurisdiction and venue member hereby consents explicitly.
Assignment. OBMG may assign this Agreement to another company or entity, at which time the obligations, terms, and conditions herein will be provided to the member by the assignee. Member may not assign this Agreement to any other person or business without prior written approval by OBMG.
Notices. Except as outlined in Record-Keeping above, all notices under this Agreement shall be in writing and sent by E-Mail, mail, overnight courier, hand delivery, or addressed to the appropriate party at its notice address using the current contact information on file with OBMG at that time.
Injunctive Relief. In addition to all remedies set forth herein, OBMG shall have the right to obtain injunctive relief against the member for any breach of this
Agreement. Such injunctive relief shall be separate and apart from any monetary damages sought by OBMG against the member.
Attorney Fees and Court Costs. In addition to all remedies set forth herein, in the event of a breach of this Agreement, the member agrees to pay all collection costs, including attorney fees and maximum legal interest, in the event the member defaults in any obligation to OBMG.
Trade Secrets. The information and/or website content provided by OBMG or obtained by the member under this Agreement is considered "trade secrets" as defined in Section 688.002(4), Fla. Stat. Any misappropriation of a trade secret by a member, or any OBMG provided website Content or Intellectual Property used by the member on any other website not provided and hosted by OBMG, without express written permission, shall subject that number, or any person acting on behalf of the member, to criminal penalty and/or civil damages, and/or injunctive relief.
https://OBMG.Global
https://OBMG.Global/FAQ
https://OBMG.Global/Neighborhoods
https://OBMGforIncentives.com
http://OBMGforBA.com
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Cooperate Office:
+ 1 727-298-8702 OBMG@OBMG.Global
Mail: P.O. Box 8679, Clearwater, FL 33758
Street Address: 101 Old Coachman Road, Unit 808 Clearwater, FL 33765
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